Property-Services Companies
Mull Options to Boost Returns

By

Motoko Rich Staff Reporter of The Wall Street Journal

Updated Nov. 22, 2000 12:01 a.m. ET

If you can't beat 'em, leave 'em.

That seems to be the current management strategy at CB Richard Ellis Services Inc., one of the nation's largest commercial real-estate services firms. After months of seeing the company's share price battered by Wall Street, a group of investors that includes Ray Wirta, CB's chief executive officer, last week offered to buy the 62% of the Los Angeles-based company that it doesn't already own for...